Specialty
AXA Reverses Course, Offering Settlement Addressing COVID-19 BI Claims for French Restaurant Owners
AXA has offered a settlement to 15,000 French restaurant owners that purchased non-damage business interruption insurance after previously denying coverage during the 2020 COVID-19 lockdowns. AXA ...
U.S. Commercial Insurance Price Hikes, as Predicted, Start Slowing Down in Q1
U.S. commercial insurance price hikes showed no sign of letting up in the 2021 first quarter, though a predicted moderating of the increases is starting to happen. Willis Towers Watson calculated ...
Hackers Stole a Single Password to Disrupt Colonial Pipeline
The head of Colonial Pipeline told U.S. senators on Tuesday that hackers who launched last month's cyber attack against the company and disrupted fuel supplies to the U.S. Southeast were able to get ...
D&O Liability Cover Will Help Address VW’s $351M Emissions Settlement With Former Execs
Volkswagen said on Wednesday it had agreed to settle claims against four former executives, including long-time CEO Martin Winterkorn, that will see the carmaker receive 288 million euros ($351 ...
Insurers Could Spend $20B to Implement New International Financial Reporting Standard: WTW Survey
Global insurers face a hefty price tag to implement a new international financial reporting standard, according to a new Willis Towers Watson survey. The global insurance industry will spend between ...
Embroker Raises $100M, With Plans to Become Full-Stack Carrier
Embroker, a digital platform focused on business insurance, aims to become a full-stack carrier – an expansion of its strategy enabled by $100 million in new venture capital financing. The money ...
Insurers Accelerate Their Flight to the Cloud: Novarica
Insurers are largely planning to expand their cloud usage into new areas in the coming months, according to a new Novarica study. Approximately 75 percent of insurers said they would expand their use ...
Executives On The Move at AIG, Zurich North America, BHSI and Guy Carpenter
AIG named a Marsh McLennan veteran as its new senior director of Investor Relations. Zurich North America appointed a new Head of Strategy for Innovation & Business Development. Berkshire ...